Investor Presentation Fourth Quarter FY23
Recent quarterly financial trends
Quarterly Net Sales + Orders
($ MILLIONS)
1,200.0
1,000.0
1,078.8
1,066.9
1,013.1
1,013.4
984.7
956.7
800.0
922.4
885.4
600.0
400.0
200.0
0.0
Q1 FY23
Q2 FY23
Q3 FY23
Q4 FY23
Quarterly Operating Expenses
($ MILLIONS)
400
350
300
309.7
303.9
297.6
250
277.6
200
150
100
50
0
Q1 FY23
Q2 FY23
Q3 FY23
Q4 FY23
Adjusted Gross Margin and Adjusted Operating Margin 1
(% NET SALES)
40.0%
34.5%
34.5%
35.7%
37.0%
Net Sales
Orders
30.0%
20.0%
5.8%
6.0%
7.5%
5.9%
10.0%
0.0%
Q1 FY23
Q2 FY23
Q3 FY23
Q4 FY23
Adj Gross Margin %
Adj Op. Margin %
Special Charges
(1) See appendix for reconciliation of non-GAAP measures
Reported Q4 FY23 net sales decreased 13.1% and orders decreased 9.0% from the
prior year. On an organic basis, sales decreased 12.0% and orders decreased 7.8%.
Adjusted gross margin in Q4 FY23 reflected a 220-basis point increase over the prior
year. The year-over-year increase in both reported and adjusted gross margin
was mainly driven by the realization of recently implemented price increases
and benefits from integration synergies.
Earnings per share in Q4 FY23 totaled $0.00 per share on a reported basis and
$0.41 on an adjusted basis, compared to $0.28 per share last year on a reported
basis and $0.58 per share on an adjusted basis.View entire presentation